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1.1.1 Identify the type of market structure represented in the graph above.
1.1.2 What kind of demand curve is faced by this market structure?
(2)
1.1.3 Briefly describe what is meant by homogenous products
(2
114 Explain how price is determined in this market structure
1.1.5 Copy the graph again into your answer book and show what would happen
firmns enter this market.​

Jimmy owns an ice cream parlor. he designs a schedule for the different tasks the employees have to perform in order to prevent monotony at work. according to the schedule, if an employee makes waffle cones on a day, he serves ice creams the next day and clears the tables on the day after that. jimmy is using the approach at his ice cream parlor.

The impact fiscal multiplier is a. usually estimated to have an average value of 2. b. usually estimated to have an average value of 0. c. the actual immediate multiplier effect of a fiscal policy action after taking into consideration direct fiscal offsets and other short-term crowding out of private spending. d. the multiplier effect of a fiscal policy action that applies to a long-run period after all influences on equilibrium real gdp have been taken into account.

Which term refers to the cost that motivates an economic decision